Soyoil futures stumbled, inching down on meal/oil spreading and spillover weakness from crude oil futures. Crude oil influences soyoil due to its use in making renewable fuels. July soyoil settled 0.12 cents, or 0.3%, lower at 37.93 cents per pound.(Source: CME)
Palm down as yuan rise may not boost commodity demand
KUALA LUMPUR, June 22 (Reuters) - Malaysian crude palm oil futures ended 1.2 percent lower , in line with other vegetable oil markets, on expectations the Chinese yuan's appreciation may not translate into higher commodity demand.
"There are some technical corrections (in palm oil) from the highest point yesterday, mostly driven by crude oil and soyoil on CBOT (Chicago Board of Trade)," said a trader in Kuala Lumpur.
Brazil 09/10 soy sales reach 66 pct crop - Celeres
SAO PAULO, June 21 (Reuters) - With all of Brazil's estimated record 68.2-million-tonne 2009/10 crop harvested, producers were focused on sales which stand at 66 percent of the crop by June 18, up from 64 percent the week prior, analysts Celeres said on Monday.
Sales of the new crop were still behind the 73 percent sold of the previous crop last year by this time, Celeres said.
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